Singapore Market Commentary (with evening update)

Evening Price Update

Cargoes assessment ended softer this afternoon. Fuel oil cargo fell weak by about USD6-7/MT while gasoil cargo dipped by about USD0.50/BBL. This was probably due to more weakness shown on the crude futures earlier and delivered prices were quoted much cheaper as well. Meantime, our bunker indication is revised downward once again, amid above average demand.

Morning Commentary

Crude futures for April contracts concluded bearish last night upon closing. Light Sweet Crude price shed lower by USD1.59/bbl while ICE Brent plunged lower by USD1.90/bbl.

This has dragged down the paper market in Singapore too this morning. Both fuel oil and gasoil papers were pegged softer by about USD5.00/MT and USD0.45/bbl respectively. Cargo offers are expected to sell cheaper if crude futures were to fall further. Meantime, our bunker indication is revised downward slightly for all grades.

ABS introduces nuclear-ready notation for marine and offshore assets

The classification society has released what it describes as an industry-first notation to support future nuclear conversion of vessels and offshore assets.

AiP handover ceremony for NEXTGEN Energy Hub (NGEH) design.

ABS grants approval in principle for Seatrium’s NEXTGEN Energy Hub design

The hub concept integrates ammonia bunkering, power generation and electric vessel charging in a single unit.

Jumbo orders two methanol-ready L-Class heavy lift vessels from Dajin Heavy Industry

Dutch heavy lift specialist Jumbo signs newbuilding contract for two 25,000-dwt vessels.

Zhoushan completes first bonded bunker operation at Majishan port area

The operation marks full fuel supply coverage across all general cargo terminals in Zhoushan's port system.

Port of Long Beach launches $1m methanol bunkering challenge for oceangoing vessels

A $1m prize aims to kick-start commercial methanol bunkering at one of North America's busiest ports.

Greece floating nuclear study finds no fundamental barriers to implementation

A PESTLE assessment of floating nuclear power plants in Greece identifies framework gaps, not feasibility barriers.

Northern Pathliner alongside Bergen LNG vessel.

Molgas completes LNG cool-down and bunkering for Northern Pathliner at Northern Lights terminal in Norway

Operation carried out at Øygarden facility, with K Line and Integr8 Fuels in the supply chain.

G2 Ocean expands fleet with six future-fuel ready gantry crane vessels

Open hatch specialist adds vessels and jet sail technology as part of a broad fleet renewal programme.

CMA CGM Adventure vessel at Port of Mombasa.

LNG-powered CMA CGM Adventure makes first call at the Port of Mombasa

Kenya Ports Authority receives its first large LNG-fuelled container vessel.

Maritime trio shapes IMO safety guidelines for ammonia as marine fuel

Real-world operational experience feeds directly into new IMO ammonia fuel safety framework.

Singapore Market Commentary (with evening update)

Fuels & Propulsion

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